VAALCO Energy (EGY) officer granted time- and performance-based stock awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Donohue Casey reported acquisition or exercise transactions in this Form 4 filing.
VAALCO Energy officer Casey Donohue reported two equity compensation awards of Common Stock. He received grants of 21,528 shares and 15,368 shares at no cash cost under the company’s 2020 Long Term Incentive Plan.
The first award is restricted stock that vests in three equal annual installments starting one year after the grant date. The second award is restricted stock that also vests in three equal annual installments, but only if specified stock price appreciation hurdles of 10.0%, 15.0% and 20.0% are achieved, based on a 30‑day average price from the grant date. Following one of these grants, Donohue directly held 96,909 shares of Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Donohue Casey
Role
See Remarks (a)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 15,368 | $0.00 | -- |
| Grant/Award | Common Stock | 21,528 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 75,381 shares (Direct, null)
Footnotes (1)
- Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan"). The shares vest in three equal annual installments beginning on the first anniversary of the date of grant. Represents shares of restricted stock granted to the reporting person pursuant to the Plan. The option vests in three equal annual installments beginning on the first anniversary of the date of grant based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%, respectively, using a 30-day average stock price from the stock price on the date of the grant.
Key Figures
Restricted stock grant 1: 21,528 shares
Restricted stock grant 2: 15,368 shares
Post-grant holdings: 96,909 shares
+4 more
7 metrics
Restricted stock grant 1
21,528 shares
Time-based restricted stock granted on 2026-06-04
Restricted stock grant 2
15,368 shares
Performance-conditioned restricted stock granted on 2026-06-04
Post-grant holdings
96,909 shares
Direct Common Stock holdings after one grant
Vesting schedule
3 equal annual installments
Both awards begin vesting one year after grant
Stock price hurdle 1
10.0% appreciation
First performance vesting threshold using 30-day average price
Stock price hurdle 2
15.0% appreciation
Second performance vesting threshold
Stock price hurdle 3
20.0% appreciation
Third performance vesting threshold
Key Terms
restricted stock, 2020 Long Term Incentive Plan, stock price appreciation, 30-day average stock price
4 terms
restricted stock financial
"Represents shares of restricted stock granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2020 Long Term Incentive Plan financial
"granted to the reporting person pursuant to the VAALCO Energy, Inc. 2020 Long Term Incentive Plan (the "Plan")"
stock price appreciation financial
"based upon satisfaction of stock price appreciation of 10.0%, 15.0% and 20.0%"
30-day average stock price financial
"using a 30-day average stock price from the stock price on the date of the grant"
FAQ
What insider transaction did VAALCO Energy (EGY) report for Casey Donohue?
VAALCO Energy reported that officer Casey Donohue received two equity compensation awards of Common Stock, totaling grants of 21,528 shares and 15,368 shares. Both awards were recorded as acquisitions at no cash cost to him under the company’s 2020 Long Term Incentive Plan.
How do Casey Donohue’s new restricted stock awards at VAALCO Energy (EGY) vest?
Both restricted stock awards vest in three equal annual installments, beginning on the first anniversary of the grant date. This structure spreads vesting over three years, encouraging longer-term retention and alignment with VAALCO Energy’s performance over that period.
Are any performance conditions attached to Casey Donohue’s VAALCO Energy (EGY) stock grants?
One award is time-based restricted stock, while the other is performance-conditioned. The performance-based award vests in three installments only if stock price appreciation thresholds of 10.0%, 15.0% and 20.0% are met, using a 30‑day average price from the grant date.